Share Name Share Symbol Market Type Share ISIN Share Description
NB Distres Red LSE:NBDG London Ordinary Share GG00BG5NCB06 RED ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 89.75p 89.00p 90.50p 89.75p 89.75p 89.75p 0 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - - 0.00

NB Distres Red Share Discussion Threads

Showing 326 to 350 of 350 messages
Chat Pages: 14  13  12  11  10  9  8  7  6  5  4  3  Older
DateSubjectAuthorDiscuss
19/7/2018
15:30
Skyship, where do you see buy backs reported at 90p? From the website announcements I can only identify that they bought back 50k on 9 July at 89p, and I can't see they've bought back any other NBDG shares this year, so I doubt that is the reason for the share price rise. NAV up another smidge yesterday to 102.36p, quite possibly currency driven but an increase is an increase when you're investment is Sterling based.
redhill9
18/7/2018
23:43
Stifel keep edging the price up a fraction every week, so perhaps they know something. I'm happy to sell into strength.
tiltonboy
18/7/2018
21:32
"someone appears to be buying" - could that be the Co. buyback at 90p perhaps!?
skyship
18/7/2018
18:07
So, in that case any thoughts on why the share price has risen by 5% over the last month while the NAV has risen only 2%? That follows a similar % rise in the share price over the previous two months. Clearly the rise in share price hasn't been solely, or even mainly, due to GBP weakness reflected in the NAV. My point was, while you may be right in your cynicism/pessimism about the management, someone appears to be buying and presumably they don't share your views about prospects, and maybe there is progress on realisations. I could be wrong and the proposed distributions don't happen as indicated but the net market appears to (perhaps) be suggesting otherwise.
redhill9
18/7/2018
15:50
Driven by GBP weakness. The company made 12 exits during it's investing period, yet has made none during it 15 month "harvest" period. The company expect to return 55% of assets during 2018, yet have not achieved an exit in the first 6.5 months. I would never accuse managers of clinging on to assets to achieve greater fees! I think I'm pretty certain, however, that the managers will achieve a greater return than the original shareholders!
tiltonboy
18/7/2018
14:28
Watching the share price closely as it seems to have been edging steadily upwards over past few weeks on no published news, which may suggest there is unreported progress and this share price movement encourages me to continue holding. Bid now 89p compared to latest NAV of 101.78p so discount of c.12%.
redhill9
04/7/2018
18:03
NB Distressed Debt Investment Fund Limited announces the following unaudited, estimated net asset values per share as at 03 Jul 2018: New Global Share GBP 1.0184
skyship
22/6/2018
15:21
Thanks tiltonboy, I can understand that perspective. Agree your point about 15 months into the harvest period with little apparent movement as I'd expected things to start happening almost immediately afterwards. However didn't NBDG recently reaffirm the proposed timescale for distributions, suggesting they still think it's realistic (unless of course they're deluding themselves as well as us)? I was fortunate enough to first encounter NBDG when the share price was in the low 70s in August 2016 and have had a gentle ride upwards since then so that may explain if I'm perhaps taking a more benevolent view of the situation than anyone who has followed the management longer term. If you and Skyship are both now sceptical then I consider that a warning to note.
redhill9
22/6/2018
13:34
redhill - the distrust towards the managers probably explains why people are willing to sell now. We are now 15 months into the harvest period, and there hasn't been one exit. Do you really think they will dispose of 50% of the portfolio in the next 6 months, or even 90% by the end of next year. A weak GBP has been the main driver of returns!
tiltonboy
22/6/2018
11:32
I've been surprised at comments from a couple of seasoned holders that they've been selling. Surely with the intention of distributing c.90% over 2018/2019 with the balance in 2020, and such a discount to NAV as has been current for some time, these are a solid hold? Am I missing some flaw in my thinking - other than the possibility of the NAV falling quite dramatically pre-distribution?
redhill9
22/6/2018
08:38
NAV back over a quid...Can i have my money back.
tiltonboy
14/6/2018
08:51
I'm letting a few go on each rise. They are 85.95p bid at the moment. Hopefully get news of a disposal soon.
tiltonboy
14/6/2018
08:13
NAV as at 12 Jun 2018: 98.61p No, reasonable profit after the $'s good run, so happy to move on...though actually now stuck in cash as finding very little to buy...a few more VTA perhaps.
skyship
07/6/2018
09:53
Just hedge the fx skyship if thats the only reason sold
hindsight
06/6/2018
22:08
Must be some positive portfolio news, considering the NAV is up to 98.38p
tiltonboy
14/5/2018
12:19
Cashed in a few @ 84p as the $ may now be rather overbought
skyship
11/5/2018
11:09
The RNS continues with information on relevent dates, so 7.48% of shares held at 25 May cancelled at 94.67p per share, payable by 12 June: The redemption of the NBDD, NBDX and NBDG shares (the "Redemptions") will be applied pro rata to holdings of NBDD, NBDX and NBDG shares on the NBDD, NBDX and NBDG registers at the close of business on 25 May 2018 (the "Redemption Date"), being the record date for the Redemptions. Approximately 12.42 per cent. of the NBDD issued share capital, approximately 8.76 per cent. of the NBDX issued share capital and approximately 7.48 per cent. of the NBDG issued share capital will be redeemed on the Redemption Date. Fractions of shares produced by the NBDD or NBDX or NBDG Redemption Ratio will not be redeemed and so the number of shares of the relevant class to be redeemed from each shareholder will be rounded down to the nearest whole number of shares. Payments of redemption monies are expected to be effected either through CREST (in the case of shares held in uncertificated form) or by cheque (in the case of shares held in certificated form) by 12 June 2018.
redhill9
11/5/2018
07:51
NBDG was created in March 2014 in order to capture the growing opportunity in distressed debt globally. Its investment period ended on 31 March 2017, following which the harvest period commenced and the investment manager is currently working to restructure, reorganise, and realise exits for each investment to maximise the value of the portfolio for shareholders. The Company has resolved to make the first capital distribution for NBDG by returning a total of GBP7 million (before expenses) to NBDG shareholders (equivalent to approximately GBP0.0709 per NBDG share) by way of a compulsory partial redemption of NBDG shares at a price equal to GBP0.9467 per NBDG share (being the last published NAV per NBDG share prior to this announcement). The amount applied to the partial redemption of NBDG shares will be after the deduction of costs and expenses of this partial redemption, expected to be approximately GBP6,500. ========================================================== The investment manager currently expects to distribute 50-55% of remaining NAV to shareholders in 2018, 35-40% in 2019, and the remainder in 2020. It will review and, where appropriate, update these ranges and expectations in the quarterly factsheets.
skyship
18/4/2018
10:20
Looks like we might get our first small exit in the near future. Only 5% of NAV, but let's have the money back! ...plus three other assets potentially in the sales process.
tiltonboy
10/4/2018
11:54
I don't mind how late in 2018 they leave it as long as they make distributions no lower than last published NAV in line with the timescale they published.
redhill9
10/4/2018
09:21
Hmm - valid comment.
skyship
10/4/2018
08:21
Don't bet against it!
tiltonboy
10/4/2018
08:19
The Qtly Portfolio Update due c21st April - that was the date last year. Let's hope we might see some liquidation progress - can't all be crammed into the last Qtr surely!?
skyship
21/3/2018
15:36
An intriguing trade this afternoon - 180k bought @ 82p - 2p over the offer price!
skyship
12/3/2018
14:38
Epi - I believe that figure relates to positions they've sold out of and cut their losses. Obviously not the whole portfolio as the current NAV is still c92p.
skyship
Chat Pages: 14  13  12  11  10  9  8  7  6  5  4  3  Older
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